Julian Treger, CEO of Cotec, noted:“This is another important milestone in the implementation of the Hypromag USA project. Securing raw materials is the key to the success of each recycling company and we are delighted to work together with credible companies such as ILS. Hypromag USA’s target is to protect between 6 months and 12 months of Feedstock Saying Saying Saying Saying Saying Saying Saying Saying Saying Saying Saying Saying Saying Saying Saying Saying Saying Saying Saying Saying Saying Prior to the OSAMAG. Rare urban stage for rare urban internship, Texas.
Will Dawes, Lion CEO, noticed: “The agreement with ILS and the start of the NDFEB stock stock supports the rapid implementation of hydrogen processing of magnet scrap (HPMS) and associated magnet production in the United States in the United States by Hypromag USA, with detailed engineering well on the Positive Feasibility fori.”
About Hypromag USA LLC.
Hypromag USA is owned by 50:50 from COTEC and Hypromag Limited. Hypromag Limited is 100 percent owned by Maginito (“Maginito”), which is owned by a basis of 79.4/20.6 percent by Mkango and COTEC.
For more information, go to www.hypromagusa.com
About Cotec Holdings Corp.
COTEC is a listed investment publisher mentioned on the Toronto Venture Stock Exchange (“TSX-V”) and the OTCQB and acts under the CTH and CTHCF symbols respectively. Cotec Holdings Corp. is a progressive business extraction company that is committed to revolutionizing the global metals and mineral industry through innovative, environmentally friendly technologies and strategic assets acquisitions. With a mission to drive the sector to a low -carbon future, COTEC uses a double approach: investing in disruptive mineral extraction technologies that improve efficiency and sustainability, while these technologies are applied to undervalued mining assets to unlock their full potential. By concentrating on recycling, waste extraction and scalable solutions, the company accelerates the production of critical minerals, shortens the development time lines and reduces the impact of the environment. The strategic model of COTEC supplies low capital requirements, rapid income and high entry thresholds and positions it as a leading mid-tier disruptor in the raw defense sector.
For more information, go to www.cotec.ca.
About Mkango Resources Ltd.
Mkango is on the AIM and the TSX-V. Mkango’s Corporate Strategy is to Become a Market Leader in the Production of Recycled Rare Earth Magnets, Alloys and Oxides, Through Its Interest in Maginito Limited (“Maginito”), which is Owned 79.4 per cent by Mkango and ENT BY MKANGO AND BANTEC AND BY EN BY MKANGEC and 20.6, and Sources of Neodymium, Praseodymium, Dysprosium and Terbium to Supply Accelerating Demand from Electric vehicles, wind turbines and other clean energy technologies.
Maginito Holds A 100 per cent Interest in Hypromag and A 90 per cent Direct and indirect interest (assuming conversion of Maginito’s convertible loan) in Hypromag GmbH, Focused on Short Loop Rare Earth Magnet Recycling in the Mmanare, Respectivythy, and and A.D (“Mkango UK”), Focused on Long Loop Rare Earth Magnet Recycling in the UK via a chemical route.
Maginito and Cotec also roll HPMS recycling technology to the United States via the 50/50 ownership Hypromag USA LLC Joint Venture Company.
Mkango also owns the Advanced Stage Songwe Hill Rare Earths project in Malawi (“Songwe”) and the Pulawy Rare Earths Separation Project in Poland (“Pulawy”). Both the Songwe and the Pulawy projects have been selected and strategic projects under the Critical United Redicals Act of the European Union. Mkango has signed a binding combination agreement with Crown Proptech Acquisitions to mention Songwe Hill and Pulawy Rare Earths projects on Nasdaq via a Spac fusion.
For more information, go to www.mkango.ca
Publication of market abuse (Mar)
The information in this announcement is considered by the company to form internal information, as determined under the Market Abuse Regulations (EU) No. 596/2014 (‘Mar’), which was included in the UK by the Act of the European Union (withdrawal) ACT 2018. In the hand of this announcement via regulatory information information service is now considered in the Public Domain.
Warning remark about future -oriented statements
This press release contains future -oriented statements (within the meaning of that period under applicable securities laws) with regard to Mkango and COTEC. Generally, forward looking statements can be identified by the use of words such as “plans”, “expects” or “is expected to”, “scheduled”, “estimates” “intends”, “anticipates”, “believes”, or variations of such words and phrases, or statements that certain actions, events or results “can”, “May”, “Could”, “would”, “Should”, “Might” or “Will”, Occur or Be Achieved, or the negative connotations thereof. Readers are warned not to give unnecessary dependence on future -oriented statements, because there can be no guarantee that the plans, intentions or expectations on which they are based will perform. By their nature, future -oriented explanations include countless assumptions, known and unknown risks and uncertainties, both generally and specifically, that contribute to the possibility that the predictions, predictions, projections, projections and other future -oriented statements will not cause actual performance and results in future periods in future periods in future periods in future periods in future periods in future periods in future periods in future periods In future periods in future periods in future periods in future periods in future periods in future periods in future periods can lead to one of the future. SUCH FACTORS AND RISKS Include, Without Limiting the Foregoing, The Delivering and Effectiveness of the HDD Magnet Separation System Built by Inserma, The Results of the Accelerated Pilot Program at Uob, the availability of (Or delays) Fininging to Developing) Financing -Devlering -Devleringing by Maginito in the UK, Germany and the US (the “Maginito Recycling Plants”), governmental action and other market effects on global demand and pricing for the metals and associated downstream products for which Mkango is exploring, researching and developing, geological, technical and regulatory matters relating to the development of Songwe Hill, the ability to scale the HPMS and chemical recycling technologies to commercial scale, competitors having greater financial capability and effective competing technologies in the recycling and separation business of Maginito and Mkango, availability of scrap supplies for Maginito’s recycling activities, Government Regulation (Including the Impact of Environmental and Other Regulations) on and the economics in Relation to Recycling and the Development of the Development of the Maginito Recycling Plants, and Pulawy and Future Investments in the United States Pursuant Maginte Cooperation Overruns, complexities in Building and Operating the Plants, and the Positive Results of Feasibility Studies on the Various Propose aspects of Mkangos, Maginitos and COTEC’s activities. The future -oriented statements in this press release have been made from the date of this press release. Apart from as legally required, the company and COTEC are not an intention and do not accept an obligation to update or revise future -oriented statements, either because of new information, future events or otherwise, except as required by applicable law. Moreover, the company and COTEC have no obligation to comment on the expectations of or statements of third parties with regard to the cases discussed above.
For more information about COTEC, contact:
Cotec Holdings Corp.
Braam Jonker
Chief Financial Officer
braam.jonker@cotec.ca
Canada: +1 604 992-5600
For more information about Mkango, contact:
SP Angel Corporate Finance LLP
Nominated adviser and joint broker
Jeff Keating, Jen Clarke, Devik Mehta
UK: +44 20 3470 0470
Alternative resources capital
Joint broker
Alex Wood, Keith Wowsing
UK: +44 20 7186 9004/5
The TSX Venture Exchange has neither approved or rejected the content of this press release nor the content of this press release. Neither the TSX Venture Exchange nor its regulation services provider (because that term is defined in the policy of the TSX Venture Exchange) accepts the responsibility for the adequacy or accuracy of this release.
This press release is not an offer for selling or an offer from an offer to buy equity or other effects of the company in the United States. The effects of the company will not be registered under the United States Securities Act of 1933, as amended (the “US Securities Act”) and may not be offered or sold within the United States, or for the account or benefit of, American persons except in certain transactions that are exempt from the registration requirements of the US Securities Act.
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